FORT MCMURRAY, Alta. - South African Archbishop Desmond Tutu is scheduled to appear at a conference in northern Alberta to discuss aboriginal treaties and the oilsands.The Nobel laureate, who has taken strong stands on climate change and against projects such as the Keystone XL pipeline, is to appear with industry and political leaders at a two-day event that begins May 31 in Fort McMurray."He has been vocal about his position on the oilsands," said Eriel Deranger, spokeswoman for the Athabasca [Read more]
Archives for May 2014
Canada needs pipelines, infrastructure to profit from Ukraine crisis: experts
OTTAWA - Canada has little hope of reaping any kind of energy or resource windfall because of the crisis in Ukraine.That message was delivered to a House of Commons committee on Parliament Hill today, which heard from energy experts from Alberta, Europe, and Ukraine.The Commons natural resources committee was told that Canada is the better part of a decade away from having the pipelines and other infrastructure necessary to be any kind of meaningful energy supplier to Europe.The parliamentary [Read more]
Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition of Strategic Light Oil Assets and Increases Credit Facilities
CALGARY, May 1, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced acquisition of certain strategic light oil assets focused primarily in Whitecap's Pembina Cardium / West Central core area, as well as at Boundary Lake in northeast B.C. and the concurrent disposition of certain Nisku natural gas production and related facilities located in the Pembina area to Keyera Corp. will be closing later today [Read more]
Imperial Oil posts higher profit, revenues and BOE/D production
CALGARY - Imperial Oil Ltd. (TSX:IMO) says it earned a first-quarter net profit of $946 million, or $1.11 per share, up 19 per cent from $798 million, or 94 cents per share, in the same quarter in 2013. Revenue and other income increased to $9.22 billion compared with $8.01 billion year-over-year for Canada's largest petroleum refiner. Gross production averaged 330,000 oil-equivalent barrels per day, up 46,000 barrels versus 2013, primarily due to production from its Kearl oil sands [Read more]
Imperial announces estimated first quarter financial and operating results
For the three months ended March 31, 2014 CALGARY, May 1, 2014 /CNW/ - First quarter (millions of dollars, unless noted) 2014 2013 % Net income (U.S. GAAP) 946 798 19 Net income per common share - assuming dilution (dollars) 1.11 0.94 19 Capital and exploration [Read more]
Blackbird Energy Inc. Reports 479% Increase of P+P NPV10 at Its Bigstone Project
CALGARY, ALBERTA--(Marketwired - May 1, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is very pleased to announce the results of its revised independent reserves evaluation of its Bigstone project in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") as at April 30, 2014. Highlights - April 30, 2014 compared to July 31, 2013 Proved Reserves Increased Proved reserves by 247% to 434 Mboe (33% [Read more]
RedWater Announces Financial and Operating Results for the Three and Twelve Months Ended December 31, 2013
OKOTOKS, ALBERTA--(Marketwired - May 1, 2014) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to report financial and operating results for the three and twelve month periods ended December 31, 2013. RedWater's audited financial statements and related management's discussion and analysis for the three and twelve months ended December 31, 2013 have been filed and are available on the SEDAR website at www.sedar.com and may also be obtained on RedWater's website at [Read more]
High North Resources: Operations Update, Including a Record Month of Oil Production
CALGARY, ALBERTA--(Marketwired - May 1, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to provide an update and summary of the Company's progress over the past few months. Colin Soares, President, Chief Executive Officer and Director states, "We are encouraged to report record flowing production for March and look forward to exceeding additional milestones in the coming months." The Company is pleased to report for the month of March, 2014 [Read more]
Baytex Reports Q1 2014 Results
CALGARY, ALBERTA--(Marketwired - May 1, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three months ended March 31, 2014 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer, said: "Our strong operating results and an improved outlook for heavy oil differentials has Baytex poised to deliver record funds from operations in 2014. Our capital [Read more]
Penn West Announces its Financial Results for the First Quarter Ended March 31, 2014
CALGARY, May 1, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") is pleased to announce its results for the first quarter ended March 31, 2014. All figures are in Canadian dollars unless otherwise stated. Three months ended March 31 2014 2013 % change Financial (millions, except per share amounts) Gross revenues [Read more]